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Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography

Wim Naudé

No 13436, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Entrepreneurship, as reflected in the start-up of new firms, the growth and market exit of existing firms, and the ow of venture capital, has been severely curtailed by the lockdown and social distancing measures taken by governments around the world in the fight against COVID-19. This paper, after documenting preliminary evidence on these declines, argues that there is a strong possibility that the unintended damage to entrepreneurship, innovation and growth could be persistent. This requires that short- term economic and business rescue packages be complimented by measures aimed at the longer-term, and that these be based on at least five principles. These 5 principles (5Ds) refer to decentralization, democratization, demand, distribution and demography.

Keywords: entrepreneurship; innovation; COVID-19; public policy; economic growth; development (search for similar items in EconPapers)
JEL-codes: I18 L26 L53 M13 (search for similar items in EconPapers)
Pages: 31 pages
Date: 2020-07
New Economics Papers: this item is included in nep-ent, nep-ino and nep-sbm
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Working Paper: Entrepreneurial Recovery from COVID-19: Decentralization, Democratization, Demand, Distribution, and Demography (2020) Downloads
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